Year-on-year air freight demand climbs by 8.8% in November

IATA’s latest figures showed that year-on-year air freight demand climbed by 8.8% in November 2017.

The performance puts the air cargo industry on track to achieve its strongest operational and financial performance since the post-global financial crisis rebound in 2010.

Buoyant consumer confidence, the growth of international e-commerce and the broad-based global economic upturn are cause for optimism

African carriers posted the strongest year-on-year increase in demand, with freight volumes rising 17.5%.

Demand has been boosted by substantial growth in Africa-Asia trade, which increased by more than 67% in the first 10 months of 2017.

Alexandre de Juniac, IATA’s Director General and CEO, said: “Air freight demand remains robust.

"And there are several indicators that 2018 will be a good year as well.

"In particular, buoyant consumer confidence, the growth of international e-commerce and the broad-based global economic upturn are cause for optimism.”

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